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The custodial bank says it has reimbursed the affected clients with interest.
July 3 -
Markets have been whipsawed by mounting concern over softer economic data and President Trump’s trade wars with major partners.
June 26 -
The SEC has just approved an ETF with negative fees — a sign that fund managers need to continue adjusting to their straitened circumstances.
May 14 -
The firm hopes the changes reflect its image as a “powerful, innovative and unified provider” of investment products, according to co-CEO Nico Marais.
April 30 -
CEO Ronald O’Hanley says the poor performance reflects both the industry’s “continued challenging conditions,” as well as “lower client activity.”
April 24 -
The products have benefited from the past decade of “economic expansion and bull market for risk assets,” one expert says.
April 17 -
The last time SPY saw inflows of this magnitude U.S. stocks were on the cusp of a bear market in late 2018.
April 16 -
The firm unveiled a discount in a footnote on page 94 of a revised regulatory filing.
April 9 -
Asset managers have felt the pressure as volatility roils global markets and investors continue to demand low-fee funds that require far fewer workers.
March 28 -
As the demand for more specialized products increases, the largest ETF providers are continuing their race to the bottom.
February 11